HeartCore Enterprises (NASDAQ:HTCR) Stock Rating Lowered by Zacks Research

HeartCore Enterprises (NASDAQ:HTCR) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of HeartCore Enterprises in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, HeartCore Enterprises has a consensus rating of “Reduce”.

HeartCore Enterprises Price Performance

Shares of HeartCore Enterprises stock opened at $0.83 on Monday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.26 and a quick ratio of 1.26. The business’s 50 day simple moving average is $0.87 and its two-hundred day simple moving average is $0.66. The stock has a market capitalization of $19.35 million, a P/E ratio of -82.92 and a beta of 1.91. HeartCore Enterprises has a one year low of $0.39 and a one year high of $3.38.

HeartCore Enterprises (NASDAQ:HTCR) last announced its quarterly earnings results on Wednesday, August 13th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.12. The business had revenue of $4.70 million for the quarter, compared to analysts’ expectations of $5.27 million. HeartCore Enterprises had a positive return on equity of 141.93% and a negative net margin of 0.62%. Analysts forecast that HeartCore Enterprises will post 0.39 EPS for the current year.

Institutional Trading of HeartCore Enterprises

An institutional investor recently bought a new position in HeartCore Enterprises stock. Cambridge Investment Research Advisors Inc. purchased a new position in HeartCore Enterprises, Inc. (NASDAQ:HTCR) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 157,179 shares of the company’s stock, valued at approximately $118,000. Cambridge Investment Research Advisors Inc. owned approximately 0.71% of HeartCore Enterprises as of its most recent SEC filing. 1.71% of the stock is owned by hedge funds and other institutional investors.

HeartCore Enterprises Company Profile

HeartCore Enterprises, Inc, a software development company, provides Software as a Service solutions to enterprise customers in Japan and internationally. Its customer experience management platform includes marketing, sales, service, and content management systems, as well as other tools and integrations, which enable companies to enhance the customer experience and drive engagement.